Berkwood Resources Ltd (TSX-V:BKR) will close a third and final tranche of flow-through financing offered on an additional C$186,800.04 and will issue 2,075,556 units at C$0.09, subject to the approval of the TSX Venture Exchange.

The graphite- and cobalt-focused company said each unit will comprise one flow-through common share and one-half warrant, with each whole warrant exercisable into one common share at a price of C$0.15 for a period of two years from closing.

All securities will be subject to a four-month plus one day hold period from closing.

BIG PICTURE: Berkwood Resources is making significant progress on the Lac Guéret Extensions graphite project in Quebec

A finder's fee has also been agreed to be paid in accordance with the policies of the TSX-V.

Proceeds of the private placement will be used to develop the Vancouver-based company's properties located in Quebec.

The issuance of the securities and the finder's fee are subject to the final approval of the TSX Venture Exchange.

Berkwood Resources engages in the acquisition, exploration, and development of natural resource properties in Canada. The company is based in Vancouver.

Contact Rene Pastor by [email protected]